The Seen and the Unseen of Government R&D
While it’s easy to fixate on the handful of success stories, the litany of government innovation failures should be enough to sober up even the most enthusiastic proponent of state-backed entrepreneurship.
While it’s easy to fixate on the handful of success stories, the litany of government innovation failures should be enough to sober up even the most enthusiastic proponent of state-backed entrepreneurship.
"The state cannot intervene in the economic affairs of society without building up its coercive machinery, and that, after all, is militarism. Power is the correlative of politics." ~Frank Chodorov
Creating a functioning and sustainable local economy is much more time consuming and complicated than sprucing up a few buildings to look good on a TV show.
In a developed economy, the satisfaction of desires can be obtained not only by goods in use, but also by goods in exchange.
Hoppe lays out the nature and role of private property in human relations and the flawed concept of public property.
The anchor of all valuation is the usefulness of a good for the well-being of an individual human being.
If people are to demand things in the market, people must first produce things. This production allows for savings, and ultimately, for economic growth.
We should be extremely concerned about the short and diminishing impact of monster stimulus plans.
How can anyone get away with controlling a state? Why would others put up with such an institution?
If every new virus or variation warrants shutdowns or new vaccines, we will face an unending dystopian hellscape of state intervention in our medical decisions.